Prudential Capital Group adopts PGIM Private Capital as new global brand name

CHICAGO, July 09, 2019 - Prudential Capital Group has renamed its global investment business as PGIM Private Capital. With over $86 billion in assets under management (as of March 31, 2019), the business is the private capital arm of PGIM, the $1.2 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).

“Our vast origination network has been able to navigate cyclical and situational issues to provide private capital solutions that meet the demands of borrowers while generating consistent returns for investors,” said Weaver. “At the core of our investment strategy has been an unwavering commitment to helping businesses achieve their most ambitious goals in any market environment.”

PGIM Private Capital’s global origination network will adopt Prudential Private Capital (Pricoa Private Capital outside the Americas) as its new name. In the first half of 2019, $5.1 billion of senior debt and junior capital was provided to 100 middle-market companies and projects worldwide.

With 16 consecutive years of positive third-party institutional net flows, PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU), ranks among the top 10 largest asset managers in the world3 with more than $1 trillion in assets under management as of March 31, 2019. PGIM’s businesses offer a range of investment solutions for retail and institutional investors around the world across a broad range of asset classes, including fundamental equity, quantitative equity, public fixed income, private fixed income, real estate and commercial mortgages. Its businesses have offices in 15 countries across four continents. For more information about PGIM, visit pgim.com.

PFI’s additional businesses offer a variety of products and services, including life insurance, annuities and retirement-related services. For more information about Prudential, please visit news.prudential.com.

1Operates through PGIM Real Estate Mexico S.C.2Operates through PGIM (Australia) Pty Ltd.3Pensions & Investments’ Top Money Managers list, May 27, 2019; based on PFI total worldwide institutional assets under management as of Dec. 31, 2018. Assets under management (AUM) are based on company estimates and are subject to change.

Prudential Financial, Inc. of the United States is not affiliated with Prudential plc, a company incorporated in the United Kingdom.

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